Defined Benefit (Pension) · DOL Form 5500 · 2024

The PNC Financial Services Group, Inc. Pension Plan

Data updated 2026-08-25

$5.5B
Total assets Very large vs avg
58,779
Participants Very large workforce
100th
Percentile by assets National rank
$94,064
Avg per participant Below avg balance/head
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Official DOL plan name: The PNC Financial Services Group, Inc. Pension Plan · Sponsored by The PNC Financial Services Group, Inc. · Pennsylvania · Finance & Insurance

$5.5B in assets, 58,779 participants

The PNC Financial Services Group, Inc.'s The PNC Financial Services Group, Inc. Pension Plan reported $5.5B in total assets and 58,779 participants in its 2024 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,507 in Finance & Insurance (8,549 peers)

Coverage in Pennsylvania

The PNC Financial Services Group, Inc. Pension Plan covers 58,779 participants in Pennsylvania, 72x the typical Pennsylvania plan (state average ~822 per filing). Assets: $5.5B.

#8,507
in Finance & Insurance (8,549 peers)
-1.9%
assets change YoY
55×
vs typical plan assets (national mean)

The plan reported a net loss of $107M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The PNC Financial Services Group, Inc. Pension Plan's outsized position by total assets

The PNC Financial Services Group, Inc. Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$5,528,998,000 Highest reported value at or above every one of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

The PNC Financial Services Group, Inc. Pension Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The PNC Financial Services Group, Inc. Pension Plan is a mega filing (58,779 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The PNC Financial Services Group, Inc. Pension Plan reported net income fell from $235M in the plan year 2023 filing to -$107M in the plan year 2024 filing.
  • The PNC Financial Services Group, Inc. Pension Plan reported participants fell from 63,680 in the plan year 2023 filing to 58,779 in the plan year 2024 filing.
  • The PNC Financial Services Group, Inc. Pension Plan end-of-year assets fell from $5.6B in the plan year 2023 filing to $5.5B in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 251435979 · The PNC Financial Services Group, Inc. PY 2024 · Defined Benefit (Pension)

The PNC Financial Services Group, Inc. Pension Plan · $5.5B · 58,779 · 100th

  • PART $5.5B
  • PART 58,779
  • PART 100th
  • PART Defined Benefit (Pension)
  • PART near Laborers Pension Trust Fund for Northern California
  • PART ind #8507

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Pennsylvania →

The PNC Financial Services Group, Inc. Pension Plan in the asset neighbourhood

Kaiser Permanente Employees Pension PlanKaiser Permanente Employees …$5.6BTriad Defined Benefit Pension PlanTriad Defined Benefit Pensio…$5.6BThe PNC Financial Services Group, Inc. Pension PlanThe PNC Financial Services G…$5.5BLaborers Pension Trust Fund for Northern CaliforniaLaborers Pension Trust Fund …$5.5BTextron Master Retirement PlanTextron Master Retirement Pl…$5.5B
End-of-year total assets ($B) among The PNC Financial Services Group, Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$5.6B
Net Assets (End of Year)$5.5B
Net Income-$107M
Employer EIN251435979
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The PNC Financial Services Group, Inc.)

Sponsor-wide plan assets over time

All The PNC Financial Services Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15.7B 16.26505244329938% vs 2022
2024 filing year
$13B$14B$15B$16B 202220232024 $13.5B $15.7B ▲ +16.3%
Year Plans Participants Total Assets
2022 2 123,182 $13.5B
2023 2 125,377 $15.0B
2024 2 113,383 $15.7B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The PNC Financial Services Group, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 468101214 Total assets ($B) Participants The PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.528998 · Participants: 58779The PNC Financial Services Group, Inc. Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 12.213235301 · Participants: 28308National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 7.234971663 · Participants: 46110Steelworkers Pension TrustThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.178651926 · Participants: 6387The Bank of New York Mellon Corporation Pension PlanConstellation Retirement Program, Total assets ($B): 5.003720253 · Participants: 4809Constellation Retirement ProgramEastern Atlantic States Carpenters Pension Fund, Total assets ($B): 4.975450173 · Participants: 12421Eastern Atlantic States Carpenters Pension Fund
The PNC Financial Services Group, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare The PNC Financial Services Group, Inc. Pension Plan side-by-side with 3 peers →

Scale composition for The PNC Financial Services Group, Inc. Pension Plan

The PNC Financial Services Group, Inc. Pension Plan reports $5.5B in end-of-year assets across 58,779 participants (0.045% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.063% of 93,925,755 covered participants) - about $94,064 per participant (68% of the national average assets-per-participant) . Net income for plan year 2024 was -$107M.

This plan identity (EIN 251435979, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.4B to $5.5B (+2.3%) while covered participants moved from 63,731 to 58,779 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 63,731 $5.4B Open filing
2023 63,680 $5.6B Open filing
2024 · index core 58,779 $5.5B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

The PNC Financial Services Group, Inc. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Laborers Pension Trust Fund for Northern California in CA ($5.5B); by covered participants it is Consolidated Cash Balance Program of Mass General Brigham and Member Organizations in MA (60,621 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (58,779 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The PNC Financial Services Group, Inc. Pension Plan assets move in 2024? ▼
The PNC Financial Services Group, Inc. Pension Plan edged down modestly - down 1.9% during 2024, from $5.6B to $5.5B. Reported net income was -$107M.
How have The PNC Financial Services Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The PNC Financial Services Group, Inc.'s sponsor-wide assets grew 16.3%, from $13.5B to $15.7B.
Where does The PNC Financial Services Group, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
The PNC Financial Services Group, Inc. Pension Plan ranks in the 100th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to The PNC Financial Services Group, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Laborers Pension Trust Fund for Northern California in CA ($5.5B, 21,267 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The PNC Financial Services Group, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Consolidated Cash Balance Program of Mass General Brigham and Member Organizations in MA (60,621 participants, $11.6B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 251435979.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.